Yes. In modern society, except for middle-aged and elderly people, most people are unwilling to put money in the bank. If you tell people you're putting your money in the bank, they'll look at you differently. So why don’t people keep their money in banks these days? First of all, few people now deposit money in banks for the simple reason that bank interest rates have been negative for a long time. The so-called negative interest rate means that the rate of return provided by the bank cannot exceed the price level at all. In other words, the more severe the inflation, the wider the gap between negative interest rates, households with savings will be harmed to varying degrees, and the purchasing power of savings will be reduced. So people put their money where the rate of return is high.

There are many ways to manage money, and it doesn’t necessarily have to be in a bank. Some people buy some stock funds, trusts, bank financial products, currency funds and other products in the hope of obtaining higher returns. Now that investment channels are expanding, people's willingness to save is weakening. Of course, since there are flaws in both online and offline financial products this year, investors are required to be vigilant. Therefore, many risk-averse people still choose to purchase some new risk-free financial products, such as certificates of deposit and structured certificates of deposit. In fact, the following bank financial product R2 is also relatively safe. Those at risk should really be looking at R3's financial management products above.

In recent years, interest rates on bank deposits have become lower and lower. Many people believe that the interest on bank deposits cannot exceed inflation, so they invest their money in funds, stock markets, bank financial products and other high-yield investment products, so their savings deposits are diverted. Data show that the total number of Chinese residents is 600 million, and young people account for more than 60%. Therefore, the money in the bank now mainly belongs to the elderly. People's consumption concepts have also changed. In the past, many people liked to save their money and put it in the bank. Nowadays, many young people promote the Western lifestyle of excessive consumption. Not only do they not want to save money, but they also borrow money to spend by overdrafting their credit cards and spending money.